Entrepreneurship is the process of performing the roles of an entrepreneur. This process involves planning, operating and assuming the risk of a business venture. It can also be defined as the process of creating a unique value of pulling together a unique package of resource to exploit an opportunity.
Entrepreneurs are characterized by vision, creativity and innovative, leadership and management skills, passion, dedication, patient and optimist.
Entrepreneurship is the believed solution to the high level of unemployment plaguing our country.
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Graduates of entrepreneurship can work at various organizations like accounting and finance firms, business firms, etc, but it is often expected that they create solutions through innovation and creativity.
Entrepreneurs are important to every economy in the world. They perform the following roles:
- Creating employment opportunities
- Increasing productivity through innovation and competition
- Stimulating economic growth, technology and rural development
- Enable individual to use their potentials and energies to create wealth, independence and status for themselves in the society.
Read: The overview – ADMINISTRATION AND MANAGEMENT SCIENCES